American technology company Solera has purchased insurtech in4mo, a Finnish company that offers property structure software and services for the insurance, repair, and homeowner marketplaces.
Established in 2007 and headquartered in Helsinki, in4mo offers Software-as-a-Service (SaaS) based software and services in the Nordic region.
in4mo’s scalable mobile-first technology platform is currently being used by insurance carriers in Norway, Denmark, Finland and Sweden, and has gained early traction in Germany as well.
Solera believes that the deal will speed up the delivery of next-generation digital home applications for its customers and property owners.
Commenting on the acquisition, Solera founder, chairman and CEO Tony Aquila said: “Solera’s mission is to create the smartest digital solutions that advance the ways we manage and protect life’s most important assets.
“With more than 180,000 building repair claims processed per year, in4mo’s solutions are trusted by many of the finest and most reputable insurers in Europe.
“We look forward to working with in4mo’s leadership team to expand our global property claims platform for insurers, extend our reach into the household and deliver even more innovative solutions to all participants in the asset ownership marketplace at a pace faster than ever before.”
Set up in 2005, Solera offers solutions for property claims such as repair invoice validation, structural and contents loss estimating, predictive analytics and pre-emptive fraud detection, as well as personal identity verification and security.